Depreciation report required every three years
BY DEB ABBEY, VANCOUVER COURIER
FEBRUARY 10, 2012
I've received many responses to a recent column I wrote about the changes to the Strata Properties Act, in particular, the mandatory requirement that strata corporations produce a depreciation report every three years.
The changes are part of a series of amendments that lawmakers passed in Bill 8, the Strata Property Amendment Act.
Strata corporations have assets and liabilities...